2399 Ferrand St Monroe, LA 71201

This investment opportunity features an eight-suite business center and 1.65 acres of development land. The business center offers a 9.82% CAP rate at full occupancy. Each of the eight suites provides a versatile mix of warehouse and office space, suitable for small businesses, trades, or service providers. Each suite totals approximately 1,000 square feet, including approximately 800 square feet of warehouse space and approximately 200 square feet of office space. The warehouse areas feature 14-foot ceilings and 12-foot roll-up doors. Each office area includes a private entrance, climate control, and an ADA-compliant restroom. The adjacent development land consists of two lots: 0.73 acres fronting Armand Connector and 0.92 acres fronting Ferrand Street. The zoning is B-2 Neighborhood Business District, and all utilities are available at the site. The property is not in a flood zone. It offers prime visibility with easy access to Tower Drive, Ferrand Street, Highway 165/Sterlington Road, and I-20. The location is central, near Monroe’s medical, business, university, and financial districts. The land is ideal for future development, such as a professional office, medical facility, retail space, or restaurant. Seller blueprints for future expansion are included with purchase.